Shares of ASML Holding N.V. (NASDAQ:ASML – Get Free Report) traded up 1.3% during trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $840.00 to $890.00. Wells Fargo & Company currently has an overweight rating on the stock. ASML traded as high as $796.33 and last traded at $795.66. 495,781 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 1,704,978 shares. The stock had previously closed at $785.09.
Other equities analysts have also issued research reports about the stock. Citigroup reiterated a “buy” rating on shares of ASML in a report on Monday, May 19th. Susquehanna cut their target price on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. Jefferies Financial Group lowered shares of ASML from a “buy” rating to a “hold” rating in a research note on Thursday, June 26th. Barclays restated an “equal weight” rating on shares of ASML in a research note on Tuesday, June 3rd. Finally, Sanford C. Bernstein initiated coverage on shares of ASML in a research note on Tuesday, June 17th. They issued a “market perform” rating and a $806.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $923.80.
View Our Latest Analysis on ASML
Institutional Investors Weigh In On ASML
ASML Stock Up 0.7%
The firm’s fifty day moving average price is $756.99 and its 200-day moving average price is $724.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 0.91. The firm has a market capitalization of $314.67 billion, a P/E ratio of 33.71, a PEG ratio of 1.66 and a beta of 1.73.
ASML (NASDAQ:ASML – Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.12 by $0.19. The business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. As a group, equities research analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current year.
About ASML
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.
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